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Category: Economy & Uncategorized
One of the central planks of George Osborneâs Budget speech in March was the introduction of the âHelp to Buyâ Scheme â a move designed to boost the housing market and give the building industry a shot-in-the-arm. At the time the move received a cautious welcome.
Category: Economy & estate planning & Uncategorized
Demand for property rose to its highest level in over three years during April, according to the Royal Institute of Chartered Surveyors (RICS) April 2013 Residential Market Survey. This rise is largely attributed by the RICS to the governmentâs Help to Buy scheme beginning to make an impact on the UKâs housing market.
Category: pensions & savings & Uncategorized
Pension release is when you agree to transfer your pension savings to an arrangement that will allow you to access your funds before you reach the age of 55. In rare cases, such as terminal illness, itâs possible to access pension funds before the age of 55.
Category: pensions & serenity news & Uncategorized
A recent report from Reuters suggests that long after the Euro debt crisis is over, Europe will be grappling with an even more serious problem â how to pay for growing numbers of old people.
The population of some countries is stagnant or already shrinking and that could reduce potential savings and economic growth.
Category: serenity news & Uncategorized
In 2011, the value of assets held in UK funded pensions was ÂŁ2,040.7 billion, which was equivalent to 135% of Gross Domestic Product (GDP) for the UK. Self-administered pension funds, most of which are associated with defined benefit occupational pension schemes, accounted for 71% of the total.
Category: Uncategorized
You pay tax on your savings interest in the tax year that the interest is paid to you, or credited to your account, even if youâve earned part of it in previous tax years. Savings income normally has 20 per cent tax taken off before you receive it.
